March 2025
Senior Research Analyst
Reviewed By
The tire cord & tire fabrics market is anticipated to grow from USD 5.94 billion in 2025 to USD 10.41 billion by 2034, with a compound annual growth rate (CAGR) of 6.43% during the forecast period from 2025 to 2034.
The tire cord & tire fabrics market is an integral sector of the tire industry. This market deals in manufacturing and distribution of tire cord and tire fabrics for the tire manufacturing sector. There are various products developed in this sector consisting of nylon dipped cord, steel cord, rayon cord, polyester and some others. It finds application in several types of vehicles including passenger cars, LCV, HCV, Off-road vehicles and two wheelers. The growing production of tires in several countries has boosted the market growth. This market is expected to rise drastically with the growth of the automotive materials sector around the world.
Metric | Details |
Market Size in 2024 | USD 5.58 Billion |
Projected Market Size in 2034 | USD 10.41 Billion |
CAGR (2025 - 2034) | 6.43% |
Leading Region | Asia Pacific |
Market Segmentation | By Product, By Vehicle Type and By Region |
Top Key Players | Exports Limited, Kordsa Global, Inc, BASF SA, Kolon Industries Inc. |
Market Drivers |
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In January 2023, Suresh Sodani, the managing director of Century Enka announced that, " We decided to use our in-house waste for caprolactam and, with our technology from Akzo, some could be converted back to Caprolactam, the idea was to conserve crude oil, a finite natural resource, for making virgin caprolactam and avoid misuse of polyamide waste – which is highly detrimental to the environment. I am proud of our teams for this remarkable achievement.”
Asia Pacific held the largest share of the tire cord & tire fabrics market. The rising sales and production of vehicles in China, Japan, India and South Korea is a crucial factor that drives the market expansion. Also, the presence of numerous tire manufacturing companies such as Sumitomo Rubber Industries, Yokohama Rubber Company, MRF, Apollo Tyres, JK Tyre, CEAT and some others has increased the demand for tire cord & tire fabrics that in turn boosts the industrial growth. Moreover, the government of several countries are investing heavily in the automotive sector coupled with rapid adoption of EVs is driving the growth of the tire cord & tire fabrics market in this region.
The tire cord & tire fabrics market is a highly competitive industry with the presence of several dominating players. Some of the crucial players in this industry consists of Arkema S.A, SGL Carbon SE, Solvay S.A., Kemrock Industries and Exports Limited, Kordsa Global, Inc, BASF SA, Kolon Industries Inc., and some others. These companies are constantly engaged in developing advanced materials for manufacturing tires and adopting numerous strategies to maintain their dominant position in this industry.
By Product
By Vehicle Type
By Region
March 2025
March 2025
March 2025
March 2025
Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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